Well…it’s over. This year’s individual tax return filing deadline has come and gone. As the dust settles and we take stock of this year’s tax season, a few trends have appeared.
read more…
Ask the Expert: Does my Company Qualify for a Tax Credit for Providing Family Medical Leave Act (FMLA) Leave?
Under a new provision created by the Tax Cuts and Jobs Act (TCJA), for the tax years 2018 
and 2019 you may qualify for a tax credit if you set up or amend a paid-family leave program. Under Section 45S of the Internal Revenue Code, employers that voluntarily offer qualifying employees up to 12 weeks of paid family and medical leave annually under a written policy, may claim the credit.
Changes to the Estate and Gift Tax Exemption under TCJA
The Tax Cut and Jobs Act (TCJA) has brought about the largest change to the U.S. tax code in
over 30 years. One of the areas of the code that has been significantly impacted by these sweeping changes deals with estates.
IRS Offers Relief for Underpayment and Under-Withholding Penalties for More Taxpayers
On Friday, March 22, 2019, the Treasury and IRS announced they have lowered the withholding underpayment penalty threshold to 80%. This means that taxpayers who were 80% or less under-withheld on their income tax withholding or quarterly tax payments may qualify for relief.
Ask the Expert: Are 2018 Income Taxes Easier to Prepare Under the Tax Cuts and Jobs Act?
Are 2018 Income Taxes Easier to Prepare Under the Tax Cuts and Jobs Act?
Like any good consultant, my answer is: It depends. read more…
IRS Issues Safe Harbor for First Year Depreciation of Passenger Cars
The Treasury Department and the IRS have issued guidance that provides a safe harbor for calculating depreciation deductions from passenger vehicles that qualify for the 100% additional first year depreciation deduction.
read more…
10 Steps to Take to Get Ready for Tax Season
This year’s tax season is going to be different. The new tax laws that took effect for 2018
represent the biggest changes to the tax code in over 30 years. So if you haven’t thought about preparing your taxes for 2018, you’ll want to get a jump on it.
Tax planning – Why is this year any different?
Every year at this time, you start to hear more about the importance of year-end income tax planning in radio and television commentary. For many people with more complex businesses or investments, the beginning of the 4th quarter of the year signals the time to start to organize their tax documents and to set-up an appointment with their advisors to review results.
This year is different! This year, tax planning should be important to everyone, not just for those that have complex tax situations. The implementation of the Tax Cuts and Jobs Act of 2017 has impacted every taxpayer. While we have all heard about it, not everyone has an applied working knowledge of what the impact will be in the first annual income tax filing season, which begins in about three months.
IRS Increases Mileage Rates for 2019
The IRS has announced the 2019 standard mileage rates used for calculating deductible costs for operating an automobile for business, charitable, medical or moving purposes.
10 Things You Should Be Doing NOW to Prepare for Tax Season
10 Things You Should Be Doing NOW to Prepare for Tax Season
The Tax Cut and Jobs Act (TCJA) has brought about the largest change in the tax code in over 30 years. The changes will have a much greater impact on the coming tax season than most realize, so we recommend you take a proactive approach to tax preparation this year.
read more…
Since 1938, Zinner has counseled individuals and businesses from start-up to succession. At Zinner, we strive to ensure we understand your business and recognize threats that could impact your financial situation.
Understanding the Changes to Tax on Overtime Pay
The recently enacted One Big Beautiful Bill Act introduces a major change to the federal tax code, delivering welcome news for both employees and employers for tax years 2025 through 2028, as qualified overtime pay will not be subject to Federal income tax. This move...
Charitable Contribution Limitations Under H.R. 1
The One Big Beautiful Bill Act (OBBBA), also known as H.R. 1, was signed into law in July 2025, bringing significant changes to the rules governing charitable contribution deductions for taxpayers who itemize. If you regularly make charitable donations and claim them...
Trump Accounts: A Way To Help Save For Your Children’s Retirement
When it comes to retirement planning, most individuals do not begin to seriously consider their options until they are well into their working years. Even fewer people think about laying the groundwork for their children’s retirement. However, with the passage of the...
Depreciation: One Big Beautiful Bonus
The One Big Beautiful Bill Act (OBBBA) brings a host of impactful tax changes, and one of the most significant for businesses is the enhancement of bonus depreciation. This provision is designed to provide immediate tax relief and incentivize investment in new assets....
Get Back When You Give Back: New Universal Charitable Deduction
Beginning in 2026, a significant tax benefit will be available for taxpayers who make charitable donations, even if they do not itemize deductions on their tax returns. Historically, only those who itemized were able to deduct charitable contributions, which left many...
Send us your questions and we’ll share our insights with you on our blog!